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An announcement from PVW Resources Limited ( (AU:USM) ) is now available.
Union Star Metals has completed its strategic pivot to become a Nevada-focused gold explorer, securing access to prospective landholdings in Nevada and Idaho while advancing its Cobb Creek Project toward drilling. The company also continues to hold and evaluate its Brazilian rare earth portfolio as a key longer-term value component.
During the March 2026 quarter, the company advanced geophysics and drill permitting at Cobb Creek, with gravity surveys refining high-priority gold-silver targets ahead of maiden drilling. It finalised the sale of its Leonora Project, continued rationalising its portfolio to concentrate capital on high-impact US gold and priority Brazilian REE assets, and shifted from restructuring to an execution-led exploration phase.
More about PVW Resources Limited
Union Star Metals Limited, formerly PVW Resources Limited, is an ASX-listed mineral exploration company now focused primarily on gold exploration in the United States, particularly Nevada and Idaho. The company also holds a portfolio of Brazilian rare earth element assets, targeting ionic adsorption clay deposits as part of a broader critical minerals strategy.
Average Trading Volume: 214,319
Technical Sentiment Signal: Sell
Current Market Cap: A$8.56M
Learn more about USM stock on TipRanks’ Stock Analysis page.